Chartered Surveyors • Estate Agents • Valuers

Reigate Lock-up Shop for Professional business – Lease for Assignment

The premises occupy a prominent trading location on the northern side of Church Street (A25) as traffic enters the town centre. Nearby multiple traders include Laura Ashley, Boots Opticians and Jack Wills. The premises are close to a number of large office occupiers e.g. Esure, Just Retirement, Willis Towers Watson and Reigate and Banstead Borough Council. Morrison in-town store and the Bancroft Road multi-storey car park are within a short walk. Reigate is an attractive and prosperous East Surrey town about 2 miles from access on to the M25 (junction 8). Banks, restaurants and a good range of multiple and independent retailers are all within a few minutes walk.

DESCRIPTION

The premises comprise a small ground floor lock up shop with internal frontage of about 14’ 5”, depth of about 18’ 7” with kitchenette, rear lobby and WC and door to small rear yard. The unit is in good order with full height window display, laminate flooring, electric wall heaters, and false ceiling with lighting. The shop has about 8’ 2” headroom. There is no allocated parking at the rear for this unit: the town’s multi-storey car park is to the rear of the shops opposite (see plan overleaf).

ACCOMMODATION

The accommodation is arranged as follows (all measurements approximate):

Shop: 14’ 5” x 18’ 8” deep 270 sq ft

Currently partitioned with storeroom: 5’ 6” x 7’ 3”

Kitchenette: 4’ 11” x 3’ 8” with sink and cupboard 18 sq ft

Rear lobby with WC and door to rear yard –

NET INTERNAL FLOOR AREA 288 sq ft (26.76 m²)

RATING

RV £8,300. UBR 49.3p in the £ 2018/2019.

Reigate & Banstead Borough Council Tel: 01737 276 691.

The premises may qualify for small business rates relief and the local authority will be able to advise individual applicants.

LEASE

The premises are held on a ten year FRI lease from 1st March 2013 inside the Landlord & Tenant Act 1954. There is no rent review nor tenant break clause until expiry at the end of February 2023. The current use is A2 Financial and Professional Services but could be A1 Retail.

LEGAL COSTS

Incoming tenant to be responsible for the lessees reasonable legal costs in the transaction.